United RentalsURIEarnings & Financial Report
United Rentals, Inc. is an American equipment rental company, with about 16 percent of the North American market share as of 2022. It owns the largest rental fleet in the world with approximately 4,800 classes of equipment totaling about $20.59 billion in original equipment cost (OEC) as of 2025. The company has a combined total of 1,625 locations, including an integrated network of 1,504 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand.
Revenue
$1.0B
Gross Profit
$-1.4B
Operating Profit
N/A
Net Profit
$689.0M
Gross Margin
-141.1%
Operating Margin
N/A
Net Margin
67.6%
YoY Growth
13.3%
EPS
$10.41
United Rentals Q4 FY2024 Financial Summary
United Rentals reported revenue of $1.0B (up 13.3% YoY) for Q4 FY2024, with a net profit of $689.0M (up 1.5% YoY) (67.6% margin).
Key Financial Metrics
| Total Revenue | $1.0B |
|---|---|
| Net Profit | $689.0M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 FY2024 |
Revenue Breakdown
United Rentals Q4 FY2024 revenue of $1.0B breaks down across 6 segments, led by Rental Equipment at $452.0M (44.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Rental Equipment | $452.0M | 44.4% |
| Ancillaryand Other Rental Revenue | $255.0M | 25.0% |
| New Equipment | $96.0M | 9.4% |
| Serviceand Other Revenues | $86.0M | 8.4% |
| Rerent Revenue | $74.0M | 7.3% |
| Contractor Supplies | $39.0M | 3.8% |
United Rentals Revenue by Segment — Quarterly Trend
United Rentals revenue by segment across the last 4 reported quarters, showing how each business line (such as Rental Equipment and Ancillaryand Other Rental Revenue) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Ancillaryand Other Rental Revenue | — | — | $281.0M | $266.0M |
| New Equipment | — | $108.0M | $95.0M | $75.0M |
| Serviceand Other Revenues | — | $90.0M | — | $95.0M |
| Rerent Revenue | — | $79.0M | $73.0M | $60.0M |
United Rentals Annual Revenue by Year
United Rentals annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.7B |
| 2024 | $3.6B |
| 2023 | $3.4B |
| 2022 | $2.5B |
United Rentals Quarterly Revenue & Net Profit History
United Rentals results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.0B | +7.2% | $531.0M | 13.3% |
| Q4 FY2025 | $992.0M | -2.6% | $653.0M | 65.8% |
| Q3 FY2025 | $938.0M | +7.3% | $701.0M | 74.7% |
| Q2 FY2025 | $872.0M | +0.2% | $622.0M | 71.3% |
| Q1 FY2025 | $893.0M | +8.2% | $518.0M | 58.0% |
| Q4 FY2024 | $1.0B | +13.3% | $689.0M | 67.6% |
| Q3 FY2024 | $874.0M | +3.8% | $708.0M | 81.0% |
| Q2 FY2024 | $870.0M | +2.1% | $636.0M | 73.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $870.0M | $874.0M | $1.02B | $893.0M | $872.0M | $938.0M | $992.0M | $3.98B |
| YoY Growth | 2.1% | 3.8% | 13.3% | 8.2% | 0.2% | 7.3% | -2.6% | 7.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $27.61B | $28.41B | $28.16B | $28.05B | $29.21B | $30.07B | $29.87B | $29.89B |
| Liabilities | $19.33B | $19.83B | $19.54B | $19.26B | $20.17B | $21.07B | $20.90B | $20.92B |
| Equity | $8.28B | $8.58B | $8.62B | $8.79B | $9.04B | $9.00B | $8.97B | $8.97B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.26B | $1.20B | $1.05B | $1.43B | $1.33B | $1.18B | $1.26B | $1.51B |